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- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
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Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products
India Ratings has upgraded SAIL's Long-Term Issuer Rating and Public Deposits to 'IND AA+/Stable'. Bank loan facilities (₹22,000 Cr) also saw a long-term upgrade, with short-term rating affirmed 'IND A1+'. Commercial paper (₹8,000 Cr) was reaffirmed 'IND A1+'. This upgrade reflects SAIL's improved operational performance, higher sales volumes, reduced production...